M & M Xylo exceeds one million fans on facebook !

Mahindra & Mahindra Ltd. (M&M Ltd.) has announced that the Xylo MPVs community page on Facebook has crossed the significant milestone of one million fans. This makes the Xylo, the 2nd brand in the Mahindra automotive stable, apart from Scorpio, to cross this 1 million fan base mark on Facebook.

Mahindra-Xylo

Speaking on this milestone, Vivek Nayer, Chief Marketing Officer, Automotive Division, Mahindra & Mahindra Ltd. said, “With 1 million people endorsing the Xylo on Facebook, this is indeed a recognition that we are proud of.  Today, the Xylo is one of the most admired brands in the Indian automobile industry, as is clear from the recognition provided by fans and critics alike as well as the 1 lakh plus vehicles on Indian roads. This fan following further validates our continued focus to innovate in order to drive customer engagement and buzz around our brands”.

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Mahindra & Mahindra hopes to finish Aston Martin deal this week!!

Invest Industrial bid between 200 million and 250 million pounds ($400 million) for a stake of AM.

 

Aston Martin Virage

 

 

 

India‘s Mahindra and Mahindra hopes to strike a deal to buy Aston Martin by the end of the week, a source with direct knowledge of the matter said.

 

Mahindra & Mahindra is said to have topped an offer for Aston Martin from Italian private equity fund Investindustrial.

 

“There are a lot of moving parts here,” the source told Reuters on Monday, adding that an initial 40 percent stake could rise to 50 percent for a total price unlikely to top $400 million.

 

Kuwait’s Investment Dar denied on Sunday that it is reviewing rival bids from Mahindra and InvestIndustrial for 50 percent of the UK luxury sports car brand. However, sources said the bidders were wrangling over issues on management control.

 

Recouping investment

 

Investment Dar led a group that bought Aston Martin from Ford Motor Co. in 2007 for 479 million pounds, or $925 million at the time. Analysts have said that Investment Dar, which went to the market for a $1 billion debt restructuring last year, hoped to recoup what it had sunk into Aston Martin — meaning a value for the firm of about $1 billion.

 

InvestIndustrial bid between 200 million and 250 million pounds ($400 million) for a stake, a source had said earlier.

 

An apparent lack of interest among major carmakers, such as BMW, Daimler or Toyota, may have left the way open for Mahindra and InvestIndustrial, which sold Italy’s Ducati high-end motorcycle brand toAudi earlier this year.

 

Mahindra owns Korea’s SsangYong SUV maker and is the world’s biggest tractor maker. It has seen India’s Tata Motor do well in buying Jaguar Land Rover four years ago.

 

Nonetheless, some analysts questioned the logic of linking the Mahindra family to Aston Martin — though the 99-year-old British firm had its heyday in the 1950s and 1960s when it was owned by another tractor man, industrial magnate David Brown from Yorkshire, England, founder of the classic DB model line beloved of James Bond.

 

“It’s difficult to visualize a tractor and an Aston Martin in the same garage,” said Mads Kaiser, a fund manager with JI India Equity Fund. “The acquisition will broaden their portfolio but doesn’t add anything to their tractor or India portfolio.”

Read full story at Zigwheels